SEC Proposes Allowing Crypto Projects to Raise Up to $75 Million Annually Without Full Securities Registration
2026-08-18 20:04
Odaily News: The U.S. Securities and Exchange Commission (SEC) on Tuesday proposed new rules that would allow crypto projects to raise funds without full securities registration. The proposed "Crypto Asset Regulation" includes two exemptions: projects raising no more than $5 million within 4 years, and issuers raising no more than $75 million per 12-month period, subject to the submission of financial statements and ongoing reports.
Both exemptions require information disclosure and remain subject to federal anti-fraud and anti-manipulation rules. The proposal also includes a conditional safe harbor allowing issuers to "decouple" crypto assets from the investment contracts under which they were issued, provided SEC conditions are met.
SEC Commissioner Hester Peirce stated that the exemptions would not cover all types of crypto projects, and that the Commission will refine the rules as market conditions evolve. The SEC had canceled a related meeting last week citing "unforeseen scheduling issues," and resumed advancing the proposal days later. (Decrypt)
Both exemptions require information disclosure and remain subject to federal anti-fraud and anti-manipulation rules. The proposal also includes a conditional safe harbor allowing issuers to "decouple" crypto assets from the investment contracts under which they were issued, provided SEC conditions are met.
SEC Commissioner Hester Peirce stated that the exemptions would not cover all types of crypto projects, and that the Commission will refine the rules as market conditions evolve. The SEC had canceled a related meeting last week citing "unforeseen scheduling issues," and resumed advancing the proposal days later. (Decrypt)
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